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Available Now: re: The Auditors: The Mystery of The MF Global Failure
This book is the fourth in a series of compilations from re: The Auditors. This volume focuses on the failure of MF Global on October 31, 2011. MF Global was a broker-dealer and futures commission merchant (FCM).
Almost everyone wondering where the missing MF Global customer assets have gone thinks they will show up eventually. I believe the assets are long gone.
As those of you who follow my Twitters know, last Wednesday I had the good fortune to have dinner with our Governor and a few other State of Illinois executives and local entrepreneurs. Most were in the technology arena, as is my client, who I was there to support, cajole, nudge and share a [...]
Picture Source
Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market.
I warned that the CEOs and their Big 4 buddies should be nervous, too. The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon as any [...]
MF Global Inc., the largest broker of exchange-traded futures and options, set aside $141.5 million to cover losses by an employee who “substantially exceeded” his own account’s trading limits betting on the wheat market.
The company’s shares fell 28 percent, the biggest drop since their July debut, after the firm said broker Evan Dooley made “unauthorized” [...]
 Francine McKenna (@retheauditors) has more than twenty-five years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. Look for my column, "Accounting Watchdog" at Forbes.com and "Accountable" at American Banker. For more information, click "About" at the bottom of this page. Your firm can sponsor this specialized news site. For more information contact Francine McKenna, fmckenna@mckennapartners.com |
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